Upstart - About the company
Upstart is a public company based in Palo Alto (United States), founded in 2012 by Dave Girouard and Anna Mongayt. It operates as an AI-enabled online marketplace offering diversified loans to consumers and businesses. Upstart has raised $129M in funding from investors like First Round Capital, Khosla Ventures and Founders Fund. The company has 550 active competitors, including 45 funded and 16 that have exited. Its top competitors include companies like Lending Club, Upgrade and Nav.
Company Details
AI-enabled online marketplace offering diversified loans to consumers and businesses. It offers loans such as personal loans, credit card loans, car loans, debt consolidation loans, wedding loans, medical loans, small business loans, and more. It provides personalized loan rates based on personal credit assessments.
- Website
- www.upstart.com/
- Social
Key Metrics
Founded Year
2012
Location
Palo Alto, United States
Stage
Public
Total Funding
$129M in 8 rounds
Latest Funding Round
Investors
Ranked
2nd among 550 active competitors
Annual Revenue
$1.04B as on Dec 31, 2025
Employee Count
1,892 as on Apr 30, 2026
Exit Details
Public
Legal entities associated with Upstart
Upstart is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
UPSTART NETWORK, INC. CIN: 5115428 , United States, Active | Feb 26, 2012 | - | 1418 (As on Dec 31, 2021) | - |
Upstart Network, Inc. CIN: 0001555581 , United States, Active | $1 - $1M (As on Aug 08, 2012) | - | - | |
UPSTART HOLDINGS, INC. CIN: 1647639 , United States, Active | Dec 08, 2013 | $1.04B (As on Dec 31, 2025) | - | - |
Upstart's IPO details
Upstart got listed on Dec 16, 2020.
Click here to take a look at Upstart's IPO in detail
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Upstart's funding and investors
Upstart has raised a total funding of $129M over 8 rounds. Its first funding round was on Apr 2012. Its latest funding round was a Series D round on Apr 08, 2019 for $*****. 3 investors participated in its latest round. Upstart has 27 institutional investors and 3 angel investors.
Here is the list of recent funding rounds of Upstart:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 08, 2019 | 9213622 | Series D | 6592258 | 8717892 | 9228639 | 6056066 |
Mar 02, 2017 | 6469423 | Series D | 9841758 | 6671093 | 3327576 | |
Jul 12, 2015 | 2056843 | Series C | 8199502 | 1249788 |
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Upstart's founders and board of directors
Founder? Claim ProfileHere are the details of Upstart's key team members:
- Dave Girouard: Founder & CEO of Upstart. They serve on the board of 1 company.
- Anna Mongayt: Founder & Head of Operations of Upstart.
View details of Upstart's Founder profiles and Board Members
Upstart's employee count trend
Upstart has 1,892 employees as of Apr 26. Here is Upstart's employee count trend over the years:
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Upstart's Competitors and alternates
Top competitors of Upstart include Lending Club, Upgrade and Nav. Here is the list of Top 10 competitors of Upstart, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Lending Club 2006, San Francisco (United States), Public | P2P marketplace for consumer and business loans | $219M | 82/100 | |
2nd | Upstart 2012, Palo Alto (United States), Public | AI-enabled online marketplace offering diversified loans to consumers and businesses | $129M | 80/100 | |
3rd |  Upgrade 2016, San Francisco (United States), Series G | Provider of consumer credit and banking products | $750M | 73/100 | |
4th | Nav 2012, San Mateo (United States), Series C | Provider of cloud-based business credit and financial health management solutions for small business owners | $90.3M | 70/100 | |
5th | Lendio 2011, Lehi (United States), Series E | Online lending marketplace for business loans | $82M | 69/100 | |
6th | Biz2Credit 2007, New York City (United States), Series B | Online marketplace for business loans | $52M | 67/100 | |
7th |  SellersFi 2017, Weston (United States), Series A | Online lending platform for business financing | $166M | 63/100 | |
8th |  OppFi 2009, Chicago (United States), Public | Online marketplace for consumer loans | - | 62/100 | |
9th | LendKey Technologies 2007, New York City (United States), Series C | Student & Home improvement loans online by local community lenders | $42.2M | 62/100 | |
10th |  Lenme 2018, Oakland (United States), Seed | P2P platform for consumer loans | $3.02M | 59/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Upstart's competitors? Click here to see the top ones
Upstart's Investments and acquisitions
Upstart has made 5 investments in companies including Teller and Tala. Upstart has also acquired 1 companies including Prodigy.Here is the list of investments & acquisitions:Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Feb 23, 2022 | Investments | 2020 | San Francisco (United States) | |
Oct 14, 2021 | Investments | 2011 | Santa Monica (United States) | |
Mar 15, 2021 | Acquisition | 2015 | San Francisco (United States) |
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Reports related to Upstart
Here is the latest report on Upstart's sector:
News related to Upstart
Filter this listMedia has covered Upstart for a total of 50 events in the last 1 year, 23 of them have been about company updates and 7 about partnerships.
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Upstart Appoints Former Santander US CEO Tim Wennes to Its Board of DirectorsBusiness Wire•May 19, 2026•Upstart
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Justice Federal Credit Union Selects Upstart to Expand Personal LendingGlobal Fintech Series•Apr 30, 2026•Justice Federal Credit Union, Upstart
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Upstart Announces Multi-Year $1.2B Forward-Flow Agreement with Centerbridge Partners, L.P.Business Wire•Apr 22, 2026•Upstart
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Class Action Lawsuit Filed on Behalf of Upstart Holdings, Inc. (UPST) InvestorsGlobeNewswire•Apr 08, 2026•Holzer & Holzer, Upstart, Schall Law Firm, Faruqi & Faruqi and 4 others
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DuPage Credit Union Selects Upstart for Personal LendingBusiness Wire•Apr 08, 2026•DuPage Credit Union, Upstart
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Harborstone Credit Union Selects Upstart for Personal LendingBusiness Wire•Mar 25, 2026•Harborstone Credit Union, Upstart
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Upstart Announces a $1B Forward-Flow Agreement with Eltura Ventures and Aperture InvestorsBusiness Wire•Mar 17, 2026•Upstart
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Upstart Seeks National Bank Charter to Expand AI-Driven LendingCrowdfund Insider•Mar 13, 2026•Upstart
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